Gold (XAU/USD) Bullish Breakout Setup | Intraday Opportunity
Timeframe: 1H (Hourly)
Instrument: CFDs on Gold (XAU/USD)
Published on: May 11, 2025
Technical Overview:
Gold (XAU/USD) is currently forming a classic breakout pattern after consolidating under a descending trendline. The price has respected a key support zone near 3,252 – 3,325, forming a potential base for an upside move. Recent bullish momentum and volume spike hint toward a possible breakout above the descending resistance.
Trade Setup:
Entry Zone: Current Market Price (~3,326)
Stop Loss: Below support at 3,252 (risk-managed placement)
Take Profit 1: 3,398 – short-term resistance and previous supply zone
Take Profit 2: 3,557 – extended target near multi-session highs
Analysis Highlights:
Break of the descending trendline may trigger momentum buying.
Strong horizontal support visible on multiple timeframes.
Risk-to-reward ratio remains favorable for intraday to short-swing traders.
Timeframe: 1H (Hourly)
Instrument: CFDs on Gold (XAU/USD)
Published on: May 11, 2025
Technical Overview:
Gold (XAU/USD) is currently forming a classic breakout pattern after consolidating under a descending trendline. The price has respected a key support zone near 3,252 – 3,325, forming a potential base for an upside move. Recent bullish momentum and volume spike hint toward a possible breakout above the descending resistance.
Trade Setup:
Entry Zone: Current Market Price (~3,326)
Stop Loss: Below support at 3,252 (risk-managed placement)
Take Profit 1: 3,398 – short-term resistance and previous supply zone
Take Profit 2: 3,557 – extended target near multi-session highs
Analysis Highlights:
Break of the descending trendline may trigger momentum buying.
Strong horizontal support visible on multiple timeframes.
Risk-to-reward ratio remains favorable for intraday to short-swing traders.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.